Customers 1st Bank(SM) Acquires USA Bank of Port Chester, NY
PHOENIXVILLE, Pa., July 9 /PRNewswire/ -- Customers 1st Bank announced today that it has entered into a Purchase & Assumption Agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of the deposits and assets of USA Bank, a full-service bank headquartered in Port Chester, New York.
Bankers Banks- The Role of Central Banks in Banking Crises
Central banks are relatively new inventions. An American President (Andrew Jackson) even cancelled its country's central bank in the nineteenth century because he did not think that it was very important.